Solar Energy Incentives in New York

Suffolk county Solar company


new york solar incentives


What Is Solar Energy?

Solar power is sunlight that is converted into electricity for everyday use. As a renewable energy source, solar energy does not deplete the world’s limited resources. It harbors a reserve with unlimited potential. This is hugely important in combating the rising global greenhouse gas emissions. And in improving the environmental sustainability of our actions.  


New York Solar Incentives

It’s hard to argue the benefits of going solar.  The biggest misconception many people have considering installing solar panels is the up-front cost in doing so. Despite being able to recognize the long-term financial benefits, many may believe it is not feasible for them to install it. The New York Solar Incentives are very attractive.  In New York, a Government program is in place to off-set these costs. Encouraging residents to switch to solar power over out-dated, non-renewable methods.

There are multiple tax-relief incentives implemented to encourage solar panel installation.


New York Solar Tax Credit 

One in place, is the New York Solar Tax CreditWhich is an income tax credit of 25% of the cost of the system. Within a $5,000 limit for residential systems.  Unlike a tax deduction which reduces your tax liability and is therefore only worth a fraction of its dollar value. A tax credit can be subtracted directly from your tax bill, dollar-for-dollar. This means that you can count it as pure savings 

New York’s Solar Tax Credit is one of the most flexible of its kind in the country – you can ‘roll over’ excess credits for up to five years. 


Tax Exemptions 

When purchasing your solar panel system you are exempt from paying New York State Sales Tax.  This saves you 8.625% which can really add up!  

In most areas of New York state, solar panels that are installed on a roof are exempt from property taxes.  This is known as the New York Solar Property Tax Exemption.  If you have a property tax exemption for an upgrade on your home, that means that you will not have to pay any extra taxes on that upgrade. This incentivizes homeowners to make improvements on their homes. Since they will be able to get a higher return on their investment should they decide to sell. The NY Solar Property Tax Exemption lasts for 15 years.  

These incentives show that the New York State is urging people to switch to a cleaner, safer, and more sustainable electricity source. 


Federal Incentives 

In addition to the New York Solar Tax Credit, the Federal Solar Investment Tax Credit, typically knocks off another 30 percent off of the cost of your system.  But don’t wait too long to take advantage of these incentives because after 2019, they are dropping down 4% each year until they are eliminated in 2022. 

new york solar incentives


Storing Excess Energy

New York state is tackling is the steep cost of storing your solar energy. There is a net-metering system implemented whereby individuals and businesses can store energy, up to a certain amount, in the electric grid. This means that when there is more solar energy than required it is not wasted, and is stored for when there is a lack of sunlight (namely at night). This system allows users to account for lulls in winter where there is less sunlight so that they can install solar panels that will collect enough energy to provide electricity throughout the year.

In months when you generate excess power PSEG Long Island will let you earn credits that are added to your Energy Credit Bank. Which will appear on your bill. Credits are used to lower future bills.  


Financing Your Investment 

NY-Sun (the $1 billion investment plan) also works directly with contractors of solar panels to help off-set the cost of installation. This directly affects the buyers as they are presented with lower cost panels that are far more affordable. 

Furthermore, NY-Sun offers financing options for those who cannot afford the vast up-front costs of installing solar systems. There are 2 loan options: On-Bill Recovery Loans, and Smart Energy Loans. The former of the two simply adds the cost of the loan to the monthly household utility bills until it is paid off. If a homeowner is to move, then this cost would simply be passed onto the buyer. Rolled into their monthly utility bills. This way provides people with a less overwhelming outcome. That does not heavily affect their financial situation. The second option, Smart Energy Loans, are repaid directly to the NY-Sun loan servicer. Which keeps it separate from bank interference and complicated interest schemes. 


new york solar incentives


New York provides its people with a plethora of opportunities in or to encourage the rise of solar power. If other states and countries followed suit, this could have a huge impact on the levels of greenhouse gas emissions. Which in turn would promote cleaner air and a more sustainable environment for current generations and their off-spring.

The professionals at Smart Home Energy Source are ready to review the New York Solar Incentives and give you a free energy assessment and design consultation today!

264 thoughts on “Solar Energy Incentives in New York

  1. JeffreyMop says:

    [url=]В Челябинске увеличится размер ренты по договору пожизненного содержания с иждивением для пенсионеров и инвалидов.[/url] Челябинск, Октябрь 23 (Новый Регион, Юлия Малецкая) – В Челябинске утверждено новое положение об организации работы по заключению договоров пожизненного содержания с иждивением. Теперь пожизненная рента для стариков и инвалидов, заключивших подобный договор с муниципалитетом в обмен на свое жилье,

  2. דירות דיסקרטיות בנתניה says:

    בחלק מן המקרים, מתרחשת השפיכה המוקדמת רק במסגרת המגע המיני הראשון של אותו הגבר, אך לעתים קרובות – מדובר בבעיה שנוטה להשנות פעמים נוספות וליצור אצל הסובלים ממנה ובני זוגם מבוכה רבה, וכן תחושות קשות של תסכול, בושה ואי נוחות בחדר המיטות – אשר עלולים בסופו של דבר גם להביא לאין אונות אמיתית וקושי להגיע לזקפה בעקבות הלחץ שהסיטואציה של השפיכה המוקדמת מייצרת. דירות דיסקרטיות ברמת גן

  3. vselediblert says:

    Древние женщины не знали, что такое диета, и поддерживали свою красоту народными способами.
    [url=]метаболизм таблетки[/url]
    Это касается и контроля веса.Чтобы похудеть, принимались фитонастои и чаи.
    Это напитки на основе растений, которые снижают чувство аппетита и стимулируют обмен веществ.Настойки на травах от похудения.
    [url=]серотонин препараты[/url]
    березовый сок способствует усилению вещественного обмена; овсяной кисель выводит шлаки и токсины; настойка на коре крушины обладает слабительным свойством; настойка на листьях вишни и липы помогает похудеть, выводит жидкость из организма и оказывает слабительное действие; имбирный чай снижает аппетит и сжигает калории.Прием препаратов.
    Более эффективный способ быстро похудеть это прием специальных препаратов в идее таблеток или суспензий.Эти средства обладают рядом полезных свойств.

  4. JeffreyMop says:

    Императорский балет на челябинской сцене. 13-14 декабря, театр оперы и балета, 18:00 В выходные в балетной жизни Челябинска состоится крупное событие – премьерные спектакли «Золотой век русского императорского балета». Для осуществления постановки был приглашен заслуженный артист России Юрий Бурлака, который в 2009 году возглавит Большой

  5. moneyveo ahora es says:

    Admiring the dedication you put into your blog and in depth information you
    present. It’s good to come across a blog every once in a while
    that isn’t the same unwanted rehashed material. Excellent read!
    I’ve bookmarked your site and I’m including your RSS feeds to my Google account.

    My website … moneyveo ahora es

  6. Rebeca Orr says:

    I’ll immediately take hold of your rss feed as I can not in finding your
    email subscription hyperlink or newsletter service.
    Do you have any? Please permit me recognise in order that I could subscribe.


  7. JeffreyMop says:

    На ЧКПЗ заявление о банкротстве считают беспочвенным. Руководство Челябинского кузнечно-прессового завода считает заявление о признании банкротства в Арбитражный суд области, поданное металлоторговой компанией, бесперспективным. Как сообщили на

  8. Frances Canty says:

    I have been surfing online more than 4 hours today, yet I never found any interesting article
    like yours. It is pretty worth enough for me. In my view, if all webmasters and bloggers made good content as you did, the web will
    be much more useful than ever before.

  9. JimBrolO says:

    Check 1this website to learn about how to get diamonds in cooking fever for free

    Cooking Fever is a whole lot more fun when you have unlimited gems.If you enjoy mobile games like this you need to check out the website above

  10. John Allshouse says:

    I have been surfing online more than 3 hours today, yet I never found any interesting article like yours.
    It’s pretty worth enough for me. In my opinion, if all website owners and bloggers made
    good content as you did, the web will be a lot more useful than ever before.

  11. Roger Mckee says:

    It is appropriate time to make some plans for the future and it’s time to be happy.
    I have read this post and if I could I want to
    suggest you some interesting things or tips. Perhaps you could write next articles referring to this article.
    I desire to read even more things about it!

  12. Pingback: tadalafil prices

  13. Marylee Dyste says:

    Hi, I do believe this is an excellent site. I stumbledupon it ;
    ) I’m going to revisit once again since I saved as
    a favorite it. Money and freedom is the best way to change, may you
    be rich and continue to help others.

Leave a Reply

Your email address will not be published. Required fields are marked *